Some countries intentionally aim for a low standard of living, high rates of unemployment and inflation, or an unsustainable trade imbalance within their economies.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. No country intentionally aims for a low standard of living, high rates of unemployment and inflation, or an unsustainable trade imbalance within their economies.
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Today, ________ of shoes sold in the United States are made overseas?
A) almost 75 percent B) 99 percent C) just over half D) about 25 percent
The response of investment spending to an increase in the government budget deficit is called
A) private dissaving. B) expansionary investment. C) income minus net taxes. D) crowding out. Figure 21-5
Some people make purchases without complete information because:
A. they are irrational. B. the benefit of having more information outweighs the opportunity cost of acquiring it. C. the opportunity cost of getting more information outweighs the benefit of having more information. D. No one makes purchases without complete information.
Introduction of the Verson Stamping Machine helped firms in the automobile industry:
A. eliminate diminishing returns in production. B. achieve greater economies of scale. C. reach their minimum efficient scale at a lower level of production. D. shift their AVC, ATC, and MC curves upward.